| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 175.00 |
| Take Profit | 183.00 |
| Stop Loss | 172.00 |
| Key Levels | 162.00, 169.00, 170.00, 172.00, 173.00, 175.00, 180.00, 183.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 170.00 |
| Take Profit | 162.00 |
| Stop Loss | 174.00 |
| Key Levels | 162.00, 169.00, 170.00, 172.00, 173.00, 175.00, 180.00, 183.00 |
The shares of The Procter & Gamble Co., one of the leaders in the consumer goods market, are trading in a correction trend at 173.00.
On the daily chart, the price is moving within an ascending channel with dynamic boundaries of 180.00–169.00, retreating from the year’s high.
On the four-hour chart, the quotes can reach the nearest high of 177.00. After reaching the range’s resistance line of 180.00, it may reach the target of 183.00. However, the development of negative dynamics may follow as the price is close to the decline marker of 170.00.
Technical indicators maintain a buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO histogram has formed an ascending bar above the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 175.00 183.00. Stop loss is 172.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 170.00, with the target at 162.00. Stop loss is 174.00.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
